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Jump Analysis: 
Muted Sales Growth from Retailers
Author: 123jump.com Staff
123jump.com
Last Update: 2:57 PM EDT July 10 2006



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Amid growing concerns about the rise in gas prices over last year and climbing interest rates, June same-store sales reports by nearly half the retailers missed analyst estimates and fueled economists pessimism for the second half of the year. Major retailers such as Wal-Mart and Gap released disappointing numbers, while a handful of mid-priced retailers, such as Target and J.C. Penney, kept on recording solid growth.

 

 

 

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